Solana wallet maker Unruggable raises $500K from Colosseum
What's the deal? Unruggable, a hardware wallet and app built for Solana, has raised $500,000 in a strategic round led by Colosseum, with several investors from the Solana ecosystem joining. The project won Colosseum's Solana Cypherpunk hackathon.
Why now? Solana recently added support for hardware-wallet sign-in through off-chain message signing, while Jupiter introduced readable Ledger signing for some orders. Both changes make hardware wallets easier to use across the ecosystem.
What could go wrong? Unruggable enters a crowded field. Solana already supports established devices such as Ledger and TrezorDealroom has a profile for this one. Try Dealroom →, and SolflareDealroom has a profile for this one. Try Dealroom → sells its own hardware-wallet product.
The signal: The round is a small, early-stage bet on a Solana-native approach to hardware security. It reads more as a mark of Colosseum's backing than evidence of a shift in the broader hardware-wallet market.
Read more: cointime.ai
Image credit: Generated with Gemini
